BOST MD defends Gold-for-Oil Policy, citing Success in averting fuel shortages
Dr. Edwin Alfred Provencal, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has staunchly defended the Gold for Oil policy, asserting its crucial role in preventing fuel shortages similar to those currently plaguing Nigeria. Dr. Provencal emphasized that the program has been highly effective since its inception, countering critics who have called for its discontinuation. In an interview with Citi Business News, Dr. Provencal highlighted the program's significant contribution to economic stability, particularly in maintaining a steady fuel supply across the country. "Foreign exchange rates respond to various factors, but in summary, Gold for Oil has...
